Express News
Service
Chennai:
Jawaharlal
Nehru Port Trust (JNPT) and Nhava Sheva (India) Gateway Terminal ( a subsidiary
of DPWorld), has signed a concession agreement for development of Rs 600 crore standalone
container handling facility with the quay length of 330 mtrs at Jawaharlal Nehru
Port on Friday.
The
agreement was signed in the presence of Union shipping Minister G K Vasan and chairman
of DP World Sultan Ahmed Bin Sulayem.
Senior
officers including Pradeep K Sinha, Secretary (Shipping), Additional Secretary and
Financial Advisor and Joint Secretary (Ports) were also present on the
occasion.
Under the
agreement, the terminal will be developed by the concessionaire at an estimated
cost of Rs. 600 Crore, with an estimated capacity addition of 0.8 Million TEUs
per annum.
The project
would be executed on DBFOT (Design, Built, Finance Operate and Transfer) basis,
with a concession period of approximately 17 years and is slated to be
completed by December 2015.
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